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Walmart - Assignment Example

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The items available in the departmental outlets are on discount in comparison to their competitors. The retail corporation has designed various mechanisms that have a positive influence on the demand of goods by consumers. One of the known…
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Download file to see previous pages Retuned items and goods whose shelf life is about to elapse are sold at lowered prices in bulk as well. In turn, impulse buying by the customer is evident. The wastage of such goods is then relieved from the business. The location of these goods is the he cashier’s stand that the customer accesses every time. The location plays a vital role in effortless accessibility and capturing of the individuals attention. The allocation of coupons for items to the customers after every visit to the retailer promotes moneyless or little money in use when purchasing goods. Consumers collect as many coupons as possible overtime. The coupons purchase bulk items when presented to the cashier. There are instances where the buyer is relieved from using money at all where the coupons available satisfy the number of goods. The other outcome is paying extra for the goods where the items shopped exceed the value of the coupons. On both accounts, a negligible or low price on items purchased respectively is evident.
The mentioned methods for lowering of prices are a future cost anticipated by the business on transactions based on established goals and forecast (Boyd, 23). Budgeted costs define the cost incurred for discounting and couponing to the business. It is safe to say the management should utilize the method on price lowering. The discounts allow for increased purchasing power on the consumers end. Goods bought are more in comparison to anticipated purchasing by the consumer at a given time. The mechanisms attract more consumers for this reason. The business creates a loyal large customer base. Overtime the business is able to foot the budgeted costs incurred. Increased demand of products is a merit on its own. Wal-Mart is reputable for quality goods. The methods for price reduction promote continuous flow of goods in the business. For this reason, expired or outdated goods evade the business. It is an advantage to the retailer because ...Download file to see next pagesRead More
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